Citizens Holding Company Signs Agreement to Purchase CB&T Capital Corporation and Citizens Bank and Trust Co.Business Editors PHILADELPHIA, Miss.--(BUSINESS WIRE)--March 13, 2002 Citizens Holding Company (Amex:CIZ CIZ Christliche Internet-Zeitung (German) CIZ Controlled Injury Zone CIZ Coari, Amazonas, Brazil (Airport Code) ) today announced that its subsidiary, The Citizens Bank of Philadelphia, has signed an Agreement and Plan of Share Exchange pursuant to which The Citizens Bank of Philadelphia will acquire in a cash transaction CB&T Capital Corporation and Citizens Bank and Trust Company of Louisville, Mississippi Louisville is a city in Winston County, Mississippi, United States. The population was 7,006 at the 2000 census. It is the county seat of Winston CountyGR6. Geography Louisville is located at (33. . The purchase price to be paid by The Citizens Bank of Philadelphia is tied to the book value of CB&T Capital Corporation at the end of the month immediately preceding the effective date of the acquisition. As of December 31, 2001, Citizens Bank & Trust Company had assets of approximately $69.7 million. The acquisition, if completed, will increase the assets of Citizens Holding Company to approximately $495 million. Chairman of the Board Steve Webb
Steven John Webb, better known as Steve Webb, is a British politician, the Member of Parliament for Northavon and the Chair of the Liberal stated, "We are pleased to have this important step in the acquisition of CB&T and Citizens Bank and Trust completed. We have requested approval for this purchase from our regulators and will complete this transaction promptly upon receipt of all required approvals." The acquisition is subject to approval by bank regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities and will require approval of the shareholders of CB&T Capital Corporation. The transaction will be completed promptly after the receipt of all required approvals. Citizens Holding Company is a one-bank holding company and the parent company of The Citizens Bank of Philadelphia, both headquartered in Philadelphia, Mississippi Philadelphia is the county seat of Neshoba CountyGR6, Mississippi, United States. The population was 7,303 at the 2000 census. Philadelphia is the hometown of Olivia Williams Manning, the mother of current NFL quarterbacks Peyton and Eli Manning. . The Bank has sixteen banking locations in seven counties in East Central Mississippi. In addition to full service commercial banking, the Company offers mortgage loans, title insurance services through its subsidiary, Title Services, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and a full range of Internet banking services including online banking, bill pay and cash management services for businesses. Internet services are available at the Bank web site, www.thecitizensbankphila.com. Citizens Holding Company stock is listed on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. and is traded under the symbol CIZ. The Company's transfer agent is American Stock Transfer & Trust Company. |
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